Interest Problem

I am making this program for a class and it works fine except for the daily interest rate for the checking account is off. The daily interest for the savings computes perfectly. The monthly interest rate for savings is 6% and for checking 3%.

Thatr is standard accounting practice when estimating income/expenses, at least hear in the US. It just simplifies the math. Of course the exact number of days is used when when banks "give" us interest on our accounts.

I hope you didn't miss a part of the question that mentions a $30 / month checking account fee?
Just a crazy thought because the difference is roughly a dollar per day.
When I changed the code to include a fee of $1void Checking::daily_interest() { deposit((get_balance() * .03 / 30) - 1); }
The professor's answers popped out.

Comments

t2nator:Looks like I need to work on my reading skills, thank you everyone for your posts

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